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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$5,695,000

Est. payment - /mo

5,911 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26012169

HOA Y/N No

Year Built 1956

Lot Size 5,911 Sqft

Property Sub-Type Apartment

Property Description

Located in highly desirable North Laguna Beach, 437 Cypress Drive is a well-positioned coastal multifamily investment property comprising five rentable units in one of Southern California's most supply-constrained rental markets. The property is situated on an approximately 5,900 sq ft R3-zoned lot and benefits from a strong rental history and close proximity to beaches, downtown Laguna Beach, dining, shopping, and cultural attractions.
The asset features a diverse and flexible unit mix, including two larger three-bedroom residences suitable for owner-occupancy or premium rentals, along with two studios and a one-bedroom unit that appeal to long-term tenant demand. The property has been well maintained and thoughtfully updated during the current owner's tenure, including the remodel of the owner's ocean-view quarters, reflecting pride of ownership and long-term stewardship. Property amenities include private outdoor spaces, garage parking, in-unit and on-site laundry, community storage, and shared outdoor gathering and barbecue areas.
With classic cottage architecture, efficient floor plans, and a convenient North Laguna location near Heisler Park and Main Beach, this five-unit property offers durable leasing demand and long-term value. Long-term ownership, consistent upkeep, and recent improvements enhance the appeal for an owner-user or long-term investor seeking stable income, tax advantages, and ongoing equity growth.

Location

State CA

County Orange

Area Nl - North Laguna

Interior

Fireplace No

Laundry Common Area, Inside, See Remarks

Exterior

Parking Features Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Hiking, Park, Street Lights, Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Cape Cod, Cottage

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 49612108

Energy Description 1250.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Jill Witte Berkshire Hathaway HomeServices California Properties 949-439-4040, DRE #01790889

NEARBY SCHOOL & BUSINESS

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437 Cypress Laguna Beach, CA 92651